Forced Entrepreneurs: A New Dimension

Ashok Kumar Asthana ( Asst. Professor - New Delhi Institute of Management) (ashokasthana1@gmail.com) Dr. Ambika Sharma, (Principal New Delhi Institute of Management (sharmaambika3@gmail.com)

Keywords - Entrepreneurship, Empowerment, Forced, Economy, Risk, Traits,

Abstract

Entrepreneurs occupy a central position in a market economy. Its the entrepreneurs who serve as the spark plug in the economy's engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct. A society is prosperous only to the degree to which it rewards and encourages entrepreneurial activity because it is the entrepreneurs and their activities that are the critical determinant of the level of success, prosperity, growth and opportunity in any economy. The most dynamic societies in the world are the ones that have the most entrepreneurs, plus the economic and legal structure to encourage and motivate entrepreneurs to greater activities. Till date we have heard a lot about the required traits, reasons and character to become an entrepreneur (the phenomena is common too) , almost in every street we can found a live example to support the same but can we think about a situation having no option to earn/ learn? The result will be struggle in most of the cases with a few exceptions. This attitude paves the

way for the basic character of an entrepreneur that is of Risk Taking. This paper examines the concept of entrepreneurship with a new angle of Forced Entrepreneurship.

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